02 / 01 / 2012
CARGOITALIA, the Italian cargo carrier, was declared bankrupt last month. According to a notice on its website the company suspended all operations while it was “winding-up”.
Based in Milan at Malpensa Airport, Cargoitalia was first launched in 2005 before being bought by Alis Aerolinee Italiane. It restarted operations again in 2009, initially to some success, but the global slump in demand led to routes being cut and its sales functions being “reviewed”.